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.December 03, 2003
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This Week:

• Aston Martin DB9 Volante

• Cooking With Style: Buick Teams With Renowned Chef Ming Tsai For Rainier Recipes

• DaimlerChrysler continues global fight against HIV/AIDS

• Nissan Europe Appoints New Senior Vice President

• BMW Launches Unprecedented On-Line Game Starring New X3

• Banque PSA Finance opens office in China

• Magna in discussions with DaimlerChrysler regarding New Venture Gear

• Chrysler Group Announces New Controller - Donlon to Retire; Olsen from DaimlerChrysler Services Named

• Ford Names Michael J. McCarney As New Asean President

• Volkswagen intensifies collaboration with FAW in China

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Banque PSA Finance opens office in China

On November 24, Banque PSA Finance was authorized by the China Banking Regulatory Commission to open a representative office in Beijing. Banque PSA Finance is a subsidiary of the PSA Peugeot Citroën Group. It provides retail financing for purchasers of Peugeot and Citroën automobiles and wholesale financing for the two marques' dealers around the world. The bank's loans outstanding totalled €18.7 billion at December 31, 2002. Worldwide, it financed more than 803,000 new vehicles during the year, while its total portfolio amounted to nearly 2,100,000 vehicles financed. The opening of Banque PSA Finance's representative office has helped to strengthen the PSA Peugeot Citroën Group's presence in China and will support the local development of Peugeot and Citroën sales.

PSA Peugeot Citroën operates in China through Dongfeng Peugeot Citroën Automobile (DPCA), a joint venture formed in partnership with Dongfeng Motors. DPCA sold 86,200 Citroën automobiles in the first ten months of 2003. Next year, it will launch a new Peugeot vehicle based on the Peugeot 307, designed especially for the Chinese market.

(November 28, 2003)